People deserve to lose their Bitcoins ?

[qiwoman2]

I actually do some bitcoin ptc sites and some of the stuff I click on is terrible. Apart from the cloud-mining scams you have all these doublers popping up everywhere, then after a few days they go poof! I remember when I first came on the internet there were all these hyps and cyclers, doublers happening in fiat, now they do them with bitcoin so they rip even more people off. 

[Whosdaddy]

People who ignore our warnings when we say that a certain site is going to scam, they don't necessarily 'deserve' to lose their coins but it's the consequence they receive for ignoring warnings.

I am still surprised how many people are still investing in various cloud mining sites when even the longest-running one just turned into scam.

[crairezx20]

I don't think it's right to say people deserved to lose their bitcoin.  Mt gox  was unforeseeable at the time and although it has  taught many people not to store anything on exchanges not everyone can know this.   As adoption grows   the responsibility lies with us to teach those who don't know better because people losing money to exchanges affects the image of bitcoin. 

Yeah it can make bad image for bitcoin and i think its not deserving that people lose their money for nothing if its always happen people will afraid to use bitcoin as their money online or use bitcoin service to buy something online.. people dont want to scam we are always heard scam every month locally and online.. bitcoin made only for trading purposes before and now its already adopted and more adopted will come with bitcoin they want to get some benefits with bitcoin but many people are fraud scammers or any evil with bitcoin that can hit the image of bitcoin it can slowly bitcoin growth..

[ashkanb]

i agree with op about cloud minings;
i'm one of those people who goes around telling people to stop doing it & the only money cloud mining makes is for the farm owners!
but i guess at the end of the day every single person HAS to learn it the hard way, the same way i did, to be honest!
(although i don't understand why it has to be this way, the fact is that it just is!!)

about exchanges & hacks sure its a bad idea to keep a major portion of your crypto wealth somewhere where you literally have no control over it;
on the other hand, every single thing you do in cryptos is high risk, thus the high reward;
of course one shouldn't, unnecessarily, increase that risk by making uninformed decisions or being lazy.

[Junko]

I don't think anyone "deserves" to lose their bitcoins unless they themselves did something shady/illegal with them or to get them to begin with. But if they do lose their bitcoins to some fly-by-night operation, then the responsibility is on themselves for not being more careful in taking the right precautions - i.e., not keeping more than what is necessary on whatever site they have their bitcoins on.

Like they say, sometimes the hard way is the best way to learn.

[calkob]

maybe some people have not been in bitcoin for as long as you have and have not learnt the leassons of the past yet......?

[akogwapo14]

The halving is near we need protect our bitcoin carefully so better to not invest right now it's better if our bitcoin is in our wallet even other ponzi scheme is easy to close now so stay away from any investment right now and hold your bitcoin.

[asriloni]

maybe some people have not been in bitcoin for as long as you have and have not learnt the leassons of the past yet......?

if someone just want to secure their bitcoin/wealth so they need to learn about security not just letting their bitcoin in random address which have low security,preventing is always the best option rather than curing,and new or old user doesn't matter

[Herbert2020]

I don't think it's right to say people deserved to lose their bitcoin.  Mt gox  was unforeseeable at the time and although it has  taught many people not to store anything on exchanges not everyone can know this.   As adoption grows   the responsibility lies with us to teach those who don't know better because people losing money to exchanges affects the image of bitcoin. 

i agree, it is a harsh and wrong thing to say that in general although OP is mostly talking about those who give their money away to the scammers like inveting in HYIPs or cloudminings

but i agree that when you lose your money to things like Mt gox or cryptsy even when you never keep your coins on them that is not your fault.

[Sled]

If they invest on HYIPs,Doubler or ponzi scheme site then yes they deserve to lost their bitcoins because it's their own fault, they trust that site even though they already know that there is always a risk on investing bitcoins.

[Cresciuanto]

yes it deserve but only with those people who doing trade and investment without thinking and without studying the market. it also deserve with those people who are playing gambling with any planing,

[groll]

I honestly don't mean to be rude or anything but seriously ?

A lot of services scammed or really got hacked (Mt gox , Bitfinex , Poloniex , Bter , Purse.io , Coinapult , BitStamp , Scrypt.CC , Bitcoinica , Bitcurex and much much more)


Till now and after getting people losing thousands/millions of dollars , people still don't understand that they shouldn't keep their coins in Exchange for long term.



If we speak about Cloud mining companies , I think we are giving shitload of warnings when someone ask about cloud mining ... Still , people keep investing there and then cry when the service "claim" that they got hacked and never comeback.

Example :   HashOcean (lately) , Cloudminr , Cloudmining.website and a lot more !


So I really want to hear your opinions on this one guys.

PS : Halving is coming , you may want to start withdrawing your coins .. just in case ? 

People are always fond of investing but they dont read the conditions that says "invest at your own risk" but people still invest regardless of the warning that the site. They agree that when they lost their btc the company is not to be blamed. But when the company collapse people tend to murmor and say that the site is a scammer wherein fact they made an agreement that the company is risky. Its just a defense mechanism blaming others for their stupidity and ignorance.

[Red-Apple]

People are always fond of investing but they dont read the conditions that says "invest at your own risk" but people still invest regardless of the warning that the site. They agree that when they lost their btc the company is not to be blamed. But when the company collapse people tend to murmor and say that the site is a scammer wherein fact they made an agreement that the company is risky. Its just a defense mechanism blaming others for their stupidity and ignorance.

no investment condition in the world will say "invest at your own risk" instead they advertise their system as a risk free investment , and that is not even limited to bitcoin related investment service but it is everywhere like this.
and those people fall for these nice words and a nice website design and think the site is legit so they invest.

[Kprawn]

maybe some people have not been in bitcoin for as long as you have and have not learnt the leassons of the past yet......?

So if we look at the history of other Ponzi schemes that are not Bitcoin related, we can make the assumption that newbies has to burn there fingers first, before something is done or said? Nope.. We

will keep warning people against these centralized services and also against these fraudulent activities. No matter if you are only into Bitcoin for a day... the warnings will still be posted on this forum

and with a little bit of research... people would know to avoid it. You could still just use Google, and search for "badbitcoin" 

[serjent05]

maybe some people have not been in bitcoin for as long as you have and have not learnt the leassons of the past yet......?

So if we look at the history of other Ponzi schemes that are not Bitcoin related, we can make the assumption that newbies has to burn there fingers first, before something is done or said? Nope.. We

will keep warning people against these centralized services and also against these fraudulent activities. No matter if you are only into Bitcoin for a day... the warnings will still be posted on this forum

and with a little bit of research... people would know to avoid it. You could still just use Google, and search for "badbitcoin" 

I agree that we as responsible people and a bitcoin enthusiast must warn people about certain stuff that can exploit or make Bitcoin impression bad.  Warning people wont hurt us, but we must not push things to them.  If they listen to our warning, good for them, if they don't, well we can't do anything at lease we try.  People, especially begginner must be guided so they would at least avoid, some if not all, things that will exploit them.

[Doamader]

Usually the money is at exchanges because people wanna grow their portfolio and the most safe are exchanges, almost all investements has its risks related,  the most of use ignore it focus only and potencial income soo they don't see any signals and some projects hiden it very well.

[Akupuniard]

People who keep their coins in fiat are so paranoids but they are also right, when you are working on somebody who you didn't know should be always carefull to your goods.

[chaosknight]

People who keep their coins in fiat are so paranoids but they are also right, when you are working on somebody who you didn't know should be always carefull to your goods.

If you are investing your fiat in buying bitcoin then its a safe investment to make but if you are investing your bitcoin in any online investment site then you need to be very careful.

[hermanhs09]

I honestly don't mean to be rude or anything but seriously ?

A lot of services scammed or really got hacked (Mt gox , Bitfinex , Poloniex , Bter , Purse.io , Coinapult , BitStamp , Scrypt.CC , Bitcoinica , Bitcurex and much much more)


Till now and after getting people losing thousands/millions of dollars , people still don't understand that they shouldn't keep their coins in Exchange for long term.



If we speak about Cloud mining companies , I think we are giving shitload of warnings when someone ask about cloud mining ... Still , people keep investing there and then cry when the service "claim" that they got hacked and never comeback.

Example :   HashOcean (lately) , Cloudminr , Cloudmining.website and a lot more !


So I really want to hear your opinions on this one guys.

PS : Halving is coming , you may want to start withdrawing your coins .. just in case ? 

Agreed. There are many desktop wallets out there like https://multibit.org/ which doesn't require the user to download the entire Btc ledger, and the software has been verified and is trusted. I would go as far to say don't trust online wallets if possible. We have the power to do it ourselves now..

[fravia]

People who keep their coins in fiat are so paranoids but they are also right, when you are working on somebody who you didn't know should be always carefull to your goods.

i think you are right, there is no need to keep all your money in fiat and caged in your bank account because in my opinion you cannot make any moment without doing anything with it

people dont deserve to lose their bitcoins i think, even if they sometimes make dumb decisions and invest their money into scams they still did not deserve to lose it in my opinion though it is how it is, people should never invest it into such schemes